Resource allocation and growth strategies in a multi-plant firm: Kanegafuchi Spinners in the early 20th century

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dc.contributor.authorYamaguchi, Shotaro
dc.contributor.authorBraguinsky, Serguey
dc.contributor.authorOkazaki, Tetsuji
dc.contributor.authorYuki, Takenobu
dc.date.accessioned2024-06-27T17:51:48Z
dc.date.available2024-06-27T17:51:48Z
dc.date.issued2023-11-30
dc.description.abstractUsing detailed plant- and individual-level data from a major Japanese cotton spinning company in the early 20th century, we examine the within-firm allocation of skilled human capital in conjunction with investment in physical capital, accompanying the firm's evolving strategic priorities. We show that the firm leveraged unit-level two-way complementarity between managerial talent and strategically important plants when the task was achieving large-scale output and positioning for a competitive cost advantage. The task of conducting product differentiation, however, ushered in “three-way complementarity,” where educated engineering human capital and capable managers needed to be bundled with specialized physical capital. A deeper dive into the “nano-economics” of resource allocation reveals that educated engineers experiencing product differentiation in pioneering plants were reallocated to other plants also pursuing product differentiation.
dc.description.urihttps://doi.org/10.1002/smj.3567
dc.identifierhttps://doi.org/10.13016/tueu-smsn
dc.identifier.citationYamaguchi, S., Braguinsky, S., Okazaki, T., & Yuki, T. (2023). Resource allocation and growth strategies in a multi-plant firm: Kanegafuchi Spinners in the early 20th century. Strategic Management Journal, 1–35.
dc.identifier.urihttp://hdl.handle.net/1903/32748
dc.language.isoen_US
dc.publisherWiley
dc.relation.isAvailableAtRobert H. Smith School of Businessen_us
dc.relation.isAvailableAtManagement & Organizationen_us
dc.relation.isAvailableAtDigital Repository at the University of Marylanden_us
dc.relation.isAvailableAtUniversity of Maryland (College Park, MD)en_us
dc.titleResource allocation and growth strategies in a multi-plant firm: Kanegafuchi Spinners in the early 20th century
dc.typeArticle
local.equitableAccessSubmissionNo

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